Page-6 of Aviation Sector
Parliament passes Carriage by Air amendment Bill, 2015
Parliament has passed the Carriage by Air (Amendment) Bill, 2015 to empower Union government to revise the limits of liability for airlines and compensation as per the Montreal Convention which India accepted in 2009. The bill was first passed by ..
Month: Current Affairs - March, 2016
Union Cabinet gives nod to India-Maldives double taxation Agreement on airlines
The Union Cabinet has given its approval for signing of an Agreement between India and Maldives for the avoidance of double taxation of income from international air transport. This agreement provides relief from double taxation for airline enterprises operating between ..
Month: Current Affairs - February, 2016
India's first Aviation Park to come up in Gujarat
Gujarat state government has decided to set up India’s first aviation park near Bagodara village in Ahmedabad district to strengthen the aviation sector. In this regard, state government has given this task to Gujarat State Aviation Infrastructure Company Ltd (GUJSAIL) ..
Month: Current Affairs - February, 2016
CCI imposes Rs 258 cr fine on Jet Airways, IndiGo, SpiceJet
The Competition Commission of India (CCI) has slapped penalties worth Rs 258 crore on three leading airlines- Jet Airways, IndiGo and SpiceJet for cartelisation in fixing cargo fuel surcharge. In this regard, it also issued a cease and desist order ..
Month: Current Affairs - November, 2015
Union Government announces Draft Aviation Policy-2015
Union Government has announced Draft Aviation Policy 2015 aimed at popularizing air travel among the people in the country. It was released by Union Minister of State (MoS) for Civil Aviation, Mahesh Sharma in New Delhi. The policy is open ..
Month: Current Affairs - November, 2015
Tata Sons raise stake in AirAsia India from 30% to 41%
Tata Sons has decided to increase its stake in low-cost carrier AirAsia India from 30 per cent to 41 per cent by infusing fresh capital. AirAsia India is a joint venture between Malaysian low-cost airline AirAsia Berhad, Tata Sons and Arun Bhatia’s ..